Community Development Financial Institutions Rapid Response Program (CDFI RRP)

 

To support the ability of Community Development Financial Institutions (CDFIs) to support, prepare for, and respond to the economic impact of the coronavirus.

Active 21.024 Community Development Financial Institutions Fund, Department of The Treasury B - Project Grants Not applicable. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (P.L. 116-260), Title Coronavirus Response and Relief Supplemental Appropriations Act of 2021 Only certified CDFIs are eligible to apply for CDFI RRP awards. No awards may be issued to Federal Government agencies, departments or instrumentalities, State governments local governments or any agency or instrumentality thereof. Investment Areas and Targeted Populations, as defined in 12 C.F.R. 1805. An organization wishing to apply for an award through the CDFI RRP must be a certified CDFI prior to the date of the release of the NOFA. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. The application process is closed. No new awards will be made in FY 2024. Contact the headquarters or regional location, as appropriate for application deadlines No new awards will be made in FY 2024. Not applicable. Not applicable. Not applicable. CDFI RRP awards enhance the Recipient's ability to make loans and investments and to provide financial services that promote economic revitalization and community development. Performance Reports: Performance Monitoring is also accomplished with the financial review of Audited Financial Statements or Single Audits conducted pursuant to 2 C.F.R. 200, Subpart F - Audit Requirements. FA recipients are also required to submit Transaction Level Reports (TLR) (OMB Control Number 1559-0027). The Annual Certification and Data Collection Report (ACR) (OMB Control Number 1559-0046) is submitted by certified CDFIs. The ACR requires a certified CDFIs to annually assess and report on any changes to criteria supporting its CDFI certification, as well as some additional organizational, financial, and other data. The CDFI Fund uses this report to monitor the certified CDFI’s compliance with certification criteria and collect data to gain greater insight into the CDFI industry. In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, nonfederal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503 Award recipients must maintain records to substantiate total costs incurred and to ensure that all Performance Goals and Measures are met. Records must be retained in accordance with the provisions of applicable OMB guidance and the terms of the assistance agreement. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Not Applicable. No new awards. Not Applicable. No new awards. None/Not specified. Community Development Financial Institutions Fund
1500 Pennsylvania Avenue, N.W.
Washington, DC 20220 US
cdfihelp@cdfi.treas.gov
Phone: 2026530300 http://www.cdfifund.gov 20-0160-0-1-451 (Project Grants) FY 22$0.00; FY 23 est $0.00; FY 24 est $0.00; - The range of CDFI RRP awards is in 2021 was $200,000 to $1,826,265. The average CDFI RRP Award is $1,445,335. The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (P.L. 116-260) NOFA; and application materials. Not applicable.